2025年3月4日 · The ECB’s pandemic emergency purchase programme (PEPP) was a monetary policy measure initiated in March 2020 to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area …

To counter the impact on the euro area economy, the European Central Bank started the pandemic emergency purchase programme, or PEPP, in March 2020. The PEPP helps people and firms to get access to affordable funds they need to weather the crisis.

2025年1月8日 · On 18 March 2020, the Governing Council announced the pandemic emergency purchase programme (PEPP) (see the Governing Council’s monetary policy decisions of 18 March 2020) to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the coronavirus (COVID-19) pandemic.

Announced following the 18 March 2020 Governing Council meeting, the pandemic emergency purchase programme (PEPP), a temporary programme for public and private sector asset purchases with an initial envelope of EUR 750 billion, was set to run until the end of 2020.

In this context, the ECB has increased the size of existing asset purchase programmes, and launched a temporary, separate and additional pandemic emergency purchase programme (PEPP). This is an updated edition of a briefing published in April 2020.

2022年2月18日 · The aim of this chapter is to present the core features of the Pandemic Emergency Purchase Programme (PEPP), a bond-buying programme introduced by the ECB in March 2020, to outline the core legal challenges the previous asset purchase programmes had to deal with and consider the possible legal challenges that might be brought against the PEPP.

2024年11月5日 · The Eurosystem hereby establishes the temporary pandemic emergency purchase programme (‘PEPP’) as a separate purchase programme. The overall envelope of the PEPP is EUR 1 850 billion. The maturing principal payments from securities purchased under the PEPP shall be reinvested by purchasing eligible marketable debt securities until at least ...

The ECB launched the pandemic emergency purchase programme (PEPP) in March 2020 in response to the extraordinary economic and financial shock triggered by the coronavirus (COVID-19) pandemic. The pandemic erupted in full force in early 2020 and constituted a collective public health emergency unprecedented in recent history, bringing unbearable ...

The European Central Bank (ECB) launched the pandemic emergency purchase programme (PEPP) in March 2020 to combat the impact of the COVID-19 crisis on the economy. The PEPP is a temporary asset purchase programme of public and private sector securities.

With its decision of 14 December 2023, the ECB Governing Council intends to reduce the PEPP portfolio by €7.5 billion per month on average and to discontinue reinvestments under the PEPP at the end of 2024. As with the APP, the bulk of PEPP purchases are made by the Eurosystem national central banks; a small proportion is made by the ECB itself.